I'm really surprised it took this long. I've stayed away from gold for the last couple years simply based on all the ****ing radio and tv commercials I have seen for it. Yeah, probably missed out on some coinage, pun intended

It should always have a place in your overall portfolio. It should never be the main asset in your portfolio.

It should always have a place in your overall portfolio. It should never be the main asset in your portfolio.

Meh, don't like metals. Commodities, yes. Metals, not so much. I traded the GLD ETF here and there some, but if I was going to own metals directly I'd be more inclined to own copper but again, I am not a metals person.

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Quote:

Originally Posted by |Zach|

All kinds of people vote. Not enough of those people think highly enough of Trump to make him President but all kinds of people vote.

Quote:

Originally Posted by Donger

So, if they were polling better than Trump and the primary goal was to prevent Hillary from becoming POTUS, perhaps it would have been a better strategic decision to nominate someone who actually had a chance of beating her and preventing that than nominating Donald Trump.

Meh, don't like metals. Commodities, yes. Metals, not so much. I traded the GLD ETF here and there some, but if I was going to own metals directly I'd be more inclined to own copper but again, I am not a metals person.

Metals and commodities fall into the same category for me. They are highly correlated.

Metals and commodities fall into the same category for me. They are highly correlated.

I meant I would buy commodities in general and not just metals. Sorry for not being more clear on that.

__________________

Quote:

Originally Posted by |Zach|

All kinds of people vote. Not enough of those people think highly enough of Trump to make him President but all kinds of people vote.

Quote:

Originally Posted by Donger

So, if they were polling better than Trump and the primary goal was to prevent Hillary from becoming POTUS, perhaps it would have been a better strategic decision to nominate someone who actually had a chance of beating her and preventing that than nominating Donald Trump.

Massive drop in gold prices give a precursor to next major economic crash

On April 15, gold spot prices dropped more than 7% in the first two hours of trading in the U.S., expounding upon the 5% drop in price that took place on Friday. This crash of more than $200 per ounce over the past two trading days provides a warning sign, and a precursor to a major financial crash coming to the global economy.

In July 2008, gold quickly dropped 21% - seemingly pre-empting the Lehman debacle and the collapse of the western banking system. In September 2011, gold fell 20% in a short period - as Europe's risks exploded and stocks slumped prompting a globally co-ordinated central bank intervention the likes of which we have not seen before." - Zerohedge

Gold and silver have always been barometers of the strength of a particular currency, and as an asset hedge to other paper investments. When major selling of gold takes place in the markets, the primary reason is the need for sovereign countries, banks, or hedge funds to liquidate holdings to cover margin calls, or use as collateral for debt obligations. We are seeing this take place as the Troika calls for Cyprus to hand over their gold reserves to collateralize a sovereign bailout, and investment banks dumping more than 400 tons of gold onto the markets over the past few days to create solvency in preparation for a potential monetary crisis.

In the aftermath of the 2008 credit crisis, gold first fell to $746 per ounce, only to climb back over $1900 as the Federal Reserve began money printing under QE1, 2, and 3. Most of that stimulus in the Western economies went to the equity and stock markets, while Asian governments concentrated on buying gold as a hedge to the dollar's devaluation. However, China today issued a negative report on GDP and manufacturing for the last quarter, and the global economy is recognizing that all areas of the world are now in recession.

History shows that hyperinflation is always preceded by massive asset deflation, pushing central banks and sovereign government to monetize far above desired risks. Today's sell-off of gold, silver, oil, and other assets, coupled with China's horrific economic numbers, is a warning and a prelude to another major economic crisis coming, similar, if not worse, to what took place in 2008 in the U.S., and in 2011 in the Eurozone.

WASHINGTON (MarketWatch) - The underlying rate of U.S. inflation decelerated in March, the Labor Department said Tuesday. The consumer price index decreased 0.2%, driven by a 4.4% drop in energy prices, the biggest drop in energy prices since November. Food prices were flat. The only big jump came in process for used cars. The core CPI, which excludes food and energy costs, rose 0.1% in March. Economists were expecting the CPI to fall 0.1% in March after jumping 0.7% in the prior month. The core rate was expected to rise 0.2% after rising 0.2% in the previous month.

What a bunch of bunk! Inflation is everywhere. It's just being done cleverly. Notice your tuna can and other packages have less in them? I have and finally saw a report about it finally. I'll bet you never noticed that because you need the govt to tell you such things with it's phony statistic system where they change what's in their mythical basket of goods to protect politicians. It's the manipulation of mass perception. Psy-ops.

What a bunch of bunk! Inflation is everywhere. It's just being done cleverly. Notice your tuna can and other packages have less in them? I have and finally saw a report about it finally. I'll bet you never noticed that because you need the govt to tell you such things with it's phony statistic system where they change what's in their mythical basket of goods to protect politicians. It's the manipulation of mass perception. Psy-ops.

__________________I think the young people enjoy it when I "get down," verbally, don't you?